PRONicaragua

Nicaragua had a great exposure in this year’s Prospectors & Developers Association of Canada (PDAC) Convention, the world’s leading mining event, during which it showcased the successful development of its mining sector.

Nicaragua is currently in the process of petitioning that the Golf of Fonseca, located in the northwest border of the country, be declared a Trinational Bioshpere Reserve.

The World Organization for Animal Health (OIE, for its acronym in French) will submit Nicaragua for approval to obtain the status of “country with controlled risk” from the bovine spongiform encephalopathy disease, also known as mad cow disease.

The Nicaraguan Chamber of Leather Footwear recently announced that the footwear industry in the country tripled its production during the last seven years, increasing from one million pairs of shoes in 2004 to three million in 2011.

Rancho Santana, a 2,700 acre residential community located throughout five beaches in Rivas, Nicaragua, recently announced its plans to continue its investment in the country by constructing a boutique hotel in its current location.

The Embassy of Holland recently financed the COACHING program, which will benefit 14 small and medium Nicaraguan enterprises that process honey, coffee, cocoa, and fruits, among other agribusiness products.

Nicaragua will be participating in this year’s Prospectors & Developers Association of Canada (PDAC) Convention, the world’s leading mining event.

The Central Bank of Nicaragua stated that the country’s gross domestic product (GDP) increased by 4.7 percent in 2011, the highest growth rate in the Central American region and well above the Latin America and Caribbean average.

The Nicaragua Tourism Board recently reported that over one million foreign visitors came to Nicaragua during 2011, an increase of 8.4 percent over the previous year.

Nicaragua and Russia signed a Bilateral Investment Treaty (BIT) on Thursday, January 26th, with the purpose of promoting and protecting investments between both countries.